Koç Holding (KCHOL) Investor Presentation summary

Shareholding structure and governance

• Stable shareholding with 43.7% held by Family Danışmanlık and 19.7% by Koç Family members, ensuring long-term stability and governance.

• 26.9% free float, with significant foreign investor participation and a share buyback program initiated in 2021.

• Board diversity includes 1/3 independent, 1/4 women, and 1/4 international members.

Strategic positioning and business portfolio

• Leading positions in energy, automotive, consumer durables, and finance, with strong international alliances (e.g., Ford, Stellantis, LG, Whirlpool).

• Balanced portfolio with defensive and growth assets, sectoral and geographical diversification, and high dividend payout from core businesses.

• 50% of revenues are international or FX-linked, with exports to over 155 countries and operations in 42 currencies.

Financial performance and resilience

• 1Q24 combined revenues reached TL 725.5bn, up 13% y/y, but consolidated net income dropped 87% y/y to TL 1.35bn due to sectoral headwinds.

• Strong liquidity with USD 777mn solo net cash and a current ratio of 1.3x; net financial debt/EBITDA at 0.3x on a combined basis.

• Dividend income in 2024 YTD at TL 23.6bn, with flexible payout policy and majority sourced from FX or FX-linked companies.